[quote]Ever calculate the financial bath auto manufactures were taking on lease returns? Somebody paying $5000 over two years on a $40,000 vehicle[/quote]
Yes it does seem outrageous, but in truth the $40,000 is really just a fictional number the public uses to compare ownership to lease value.
Take the GM Suburban for example, the retail worth of the vehicle may be $40,000 but in reality it cost roughly less than half that to produce it.
Once the vehicle is turned in we could expect that this 2 or 3 year old vehicle would sell for $25,000 which again is still more than the original cost to produce it.
Of course the future projected worth of the asset is subject to market fluctuations, but all in all, the market has been rather stable until we got hit with $4.50 gallon gas.
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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